yes

but our company finance department ask us to deduct the amount of Section G from the total income..????

then you must know whether the Section G figure has been included in the Total Income

I wana ask the following insurance which is deductable for personal relief:

(a)　Prestige Care,
(b) Critical Premium,
© Living care Plus Rider
(d) Flexicare
(e) Hospital Benefit

If so, whether it falls under life/medical insurance.

thanks.

what insurance company is that?

read the back of your statement and learn how to put into your Form B

i feel not understand with the section insurans and KWSP...so if let say our salary is deducted by 11% monthly..then we just write it down?

This post has been edited by goolie: Apr 28 2009, 08:54 AM

Your life insurance + EPF (annual figure) should go to that section and it's capped at RM 6k.

Sarjana is Masters... Bachelors Degree is Sarjana Muda..

---

Added on April 28, 2009, 9:37 amin EA Form, allowances and bonuses might be put outside of 'penggajian' depending on company's categorization..

In income tax declaration, all that should be put under "penggajian".. Exempted allowances need not include though...

This post has been edited by attahun: Apr 28 2009, 09:37 AM

Need clarification on transfering value from EA form to BE form:

EA form: B1. Gaji kasar --> BE form: Pengajian
EA form: B1. Fi, komisen, bonus --> BE form: Apa-apa perolehan atau keuntungan lain
EA form: B1. Tip kasar, perkuisit, elaun lain --> BE form: No need to fill up
EA form: G. Jumlah elaun,perkuisit,pemberian,manfaat yang dikecualikan cukai--> BE form: Tolakan cukai seksyen 110 (lain-lain)

Am I tranfering to correct section?

Thanks.




This post has been edited by mayhem: Apr 28 2009, 10:33 AM

total the amount of red colour into your Pengajian slot

the amount in orange colour just ignore it, not taxable

huys, i need a quick answer

i just realized my 2008 EA form has some new amendments - there's a Part "G" where it states "JUMLAH ELAUN / PERKUISIT / PEMBERIAN / MANFAAT YANG DIKECUALIKAN CUKAI"


So, my question is whether i need to deduct the amount from my total PENGGAJIAN?

example:

PENGGAJIAN in EA: X
PENGECUALIAN in EA: Y
PENGGAJIAN in Form BE: X - Y

the correct thing to do is taking the total salary + allowance etc without bothering the Section G

hm... the problem is my monthly basic salary x 12 months is much much less than the one stated in PENGGAJIAN

the PENGECUALIAN is more to traveling allowances (living expenses) and the amount is quite substantial (>7k) since I travel more than 1/3 of my annual working days

hm... kinda confusing my company's EA form is

just follow the EA Form, in case anything go wrong, that's your employer's fault. unless the difference is really substantial

Calculating tax is not just basic salary x 12.
Must include other income like 13/14 mth bonus, year end bonus, special bonus, incentives, KPI, allowance, etc.
Refer back your payslip and total it up. If not tally, please ask the finance dept to clarify.

the exemption covers earning of RM7,000+, which is also the difference between the taxable income

thus the tax amount differs about RM 400+ (7%, since the tax bracket is upped) if i exclude the PENGECUALIAN


the bonus is declared under PENDAPATAN TAHUN KEBELAKANGAN YANG BELUM DILAPORKAN and and has it's tax pre-deducted already, so basically it's covered.

This post has been edited by lucifah: Apr 28 2009, 04:40 PM

just ignore the exempted income, that's all

for the bonus, actually you have to revised the 2007 Tax Computation. But if you are lazy, just put it into the PENDAPATAN TAHUN KEBELAKANGAN YANG BELUM DILAPORKAN and wait for further action by them

first of all, penggajian is the amount of salary paid by company to you..so it is not only basic salary but also include overtime, bonuses, allowances and incentives...

As certain allowances are given exemption (capped to a certain amount), you therefore need not declare such allowance under 'penggajian' in your BE form...

As for your case, it would be best to clarify with your HR on the method they used to fill in your EA form...just to avoid mistakes on your part when you fill in the BE form...

IF your travel allowance is lets say RM10K per year and the max amount for exemption is RM6K, perhaps your HR had already fill in your EA Form as allowance exempted RM6K and the balance RM4K inlcuded in your penggajian?? better check it out..

does it also include purchase of golf sets? (sorry if it sounds stupid)..

sports equipment which has short life span such as golf ball and bola tangkis(not sure what is that)

are you in there?